Common use of Effect of variation Clause in Contracts

Effect of variation. (a) Notwithstanding clause 16.3, where the Subscriber does not, within a reasonable period, agree with or accept: (i) a Change made by ▇▇▇▇ with immediate effect under sub-clauses 22.1 or 22.2, or following consultation under 22.3; or (ii) a time frame for implementing a Change referred to above, either party may terminate this Participation Agreement by notice in writing given to the other party. (b) The Subscriber agrees that the provisions of paragraph (a) are reasonable in the circumstances, given ▇▇▇▇'▇ role as an ELNO with responsibility for managing the ELN and all Subscribers. (c) For the avoidance of doubt, in exercising its right to terminate this Participation Agreement under paragraph (a), the Subscriber may nevertheless complete any Conveyancing Transactions which are Outstanding Conveyancing Transactions at the time of termination, and termination does not take effect until all Outstanding Conveyancing Transactions are completed or withdrawn and where the Subscriber has no Outstanding Conveyancing Transactions, it may terminate under this clause with immediate effect.

Effect of variation. (a) Notwithstanding clause 16.3, where the Subscriber does not, within a reasonable period, agree with or accept: (i) a Change made by ▇▇▇▇ with immediate effect under sub-clauses 22.1 or 22.2, or following consultation under 22.3; or (ii) a time frame for implementing a Change referred to above, either party may terminate this Participation Agreement by notice in writing given to the other party. (b) The Subscriber agrees that the provisions of paragraph (a) are reasonable in the circumstances, given ▇▇▇▇'▇ role as an ELNO with responsibility for managing the ELN and all Subscribers. (c) For the avoidance of doubt, in exercising its right to terminate this Participation Agreement under paragraph (a), the Subscriber may nevertheless complete any Conveyancing Transactions which are Outstanding Conveyancing Transactions at the time of termination, and termination does not take effect until all Outstanding Conveyancing Transactions are completed or withdrawn and where the Subscriber has no Outstanding Conveyancing Transactions, it may terminate under this clause with immediate effectwithdrawn.

Effect of variation. (a) Notwithstanding clause 16.3, where the Subscriber does not, within a reasonable period, agree with or accept: (i) a Change made by ▇▇▇▇ PEXA with immediate effect under sub-clauses 22.1 or 22.2, or following consultation under 22.3; or (ii) a time frame for implementing a Change referred to above, either party may terminate this Participation Agreement by notice in writing given to the other party. (b) The Subscriber agrees that the provisions of paragraph (a) are reasonable in the circumstances, given ▇▇▇▇'▇ role as an ELNO with responsibility for managing the ELN and all Subscribers. (c) For the avoidance of doubt, in exercising its right to terminate this Participation Agreement under paragraph (a), the Subscriber may nevertheless complete any Conveyancing Transactions which are Outstanding Conveyancing Transactions at the time of termination, and termination does not take effect until all Outstanding Conveyancing Transactions are completed or withdrawn and where the Subscriber has no Outstanding Conveyancing Transactions, it may terminate under this clause with immediate effect.

Effect of variation. (a) Notwithstanding clause 16.3, where the Subscriber does not, within a reasonable period, agree with or accept: (i) a Change made by ▇▇▇▇ PEXA with immediate effect under sub-clauses 22.1 or 22.2, or following consultation under 22.3; or (ii) a time frame for implementing a Change referred to above, either party may terminate this Participation Agreement by notice in writing given to the other party. (b) The Subscriber agrees that the provisions of paragraph (a) are reasonable in the circumstances, given ▇▇▇▇'▇ role as an ELNO with responsibility for managing the ELN and all Subscribers. (c) For the avoidance of doubt, in exercising its right to terminate this Participation Agreement under paragraph (a), the Subscriber may nevertheless complete any Conveyancing Transactions which are Outstanding Conveyancing Transactions at the time of termination, and termination does not take effect until all Outstanding Conveyancing Transactions are completed or withdrawn and where the Subscriber has no Outstanding Conveyancing Transactions, it may terminate under this clause with immediate effectwithdrawn.